FX.co ★ Weekly review from May 21 to May 26, 2018 on the GBP / USD pair

Trend analysis (Figure 1).

Last week, the price moved down in the side channel. A strong candlestick figure of the reversal was formed (paired with a pullback level of 38.2%, which is a very strong "barrier" and the price could roll back up. How much the probability of this scenario is likely to be shown by a comprehensive analysis.

Fig. 2 (weekly chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - up;

- volumes - upwards;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger lines - down;

- monthly chart - down.

Conclusion on the complex analysis is an upward movement.

The total result of the GBP / USD currency pair candlestick calculation according to the weekly chart: the price for the week is likely to have an upward trend with the absence of the first lower shadow of the weekly white candle and the presence of the second upper shadow.

The first top target is 1.3675 - the rolling level is 23.6% (yellow dotted line).